Thursday 23 March 2017

Yellow Door Energy to fund Novotel Fujairah retrofit

Yellow Door Energy, a Dubai-based firm that invests in and operates distributed solar and energy efficiency assets, has announced a new investment in the energy services industry by financing the retrofit of Novotel Fujairah hotel. The retrofit is based on the recommendations of


Huge opportunities await Saudi, China says Aramco chief

The long standing relationship between Saudi Arabia and China can be further amplified with a host of new business and economic opportunities ranging from energy collaboration, knowledge and technology transfer, as well as innovation-driven industries, benefiting both countries and beyond, said


Iran 'needs $187bn for 100pc renewable energy system'

Iran has the capability to set up a 100 per cent renewable energy system for the country by 2030 by investing around $187 billion, according to a study released by a Finnish university. According to the Lappeenranta University of Technology, the country would need to develop abou


Total eyes 50pc stake in Iran’s $4bn giant oil project

French oil giant Total has signed an agreement with Iranian authorities for a 50 per cent stake in Iran’s South Pars project which will developed at an investment of $4 billion, according to a report. The South Pars field will begin production by the end of the fiscal year,


Huawei ranks third globally for Q4 server shipments

Huawei's server shipment volume ranked third in the global market in Q4 2016 improving from its fourth-place slot, according to a recent market report released by Gartner, a global IT technology research and consultancy company. Since 2015, Huawei servers have been crucial co


Schneider Electric launches new wiring devices

Schneider Electric, a global specialist in energy management and automation, has announced the launch of Unica, a comprehensive, international wiring device range that comes in a variety of designs and finishes. The versatile range offers a wide range of flush-mounting boxes, ter


Bilfinger's Oman JV wins big PDO contract extension

Germany-based Bilfinger said its Oman joint venture has won an extension of its multimillion-dollar framework contract to provide engineering and maintenance services to oil and gas company Petroleum Development Oman (PDO). A European company specialised in civil and industrial c


Huawei plans smart city innovation hub in Saudi

Investment Saudi Arabia and Royal Commission for Jubail and Yanbu have signed a milestone agreement with leading information and communications technology (ICT) company Huawei to establish a training academy and a smart city innovation centre in Yanbu region of the kingdom, accelerating smart c


Opec-Russia energy dialogue likely in June

Opec secretary general Mohammad Sanusi Barkindo will attend the Opec-Russia energy dialogue, expected to be held in June, the organization said in a statement. Barkindo has invited Dr Sun Xiansheng, secretary general of the Riyadh-based International Energy Forum (IEF) to attend


Credit Agricole 'to advice Duqm Refinery on funding'

Oman’s Duqm Refinery & Petrochemical Co (DRPC) has hired Credit Agricole SA to advise on fundraising for its $6 billion project, a Bloomberg

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